Carrhae Capital LLP 13F holdings, Q1 2026
Holdings as of March 31, 2026 · filings on SEC EDGAR · latest filing →
Carrhae Capital LLP disclosed 21 US equity positions worth $1.4bn in its Q1 2026 13F filing. The largest position was TSM at 13.3% of the reported book, followed by EMBJ and ITUB.
What did Carrhae Capital LLP own in Q1 2026? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs prior |
|---|---|---|---|---|---|---|---|
| 1 | TSM TAIWAN SEMICONDUCTOR MANUFAC | Technology | 13.3% | $188.9m | 558,880 | – | |
| 2 | EMBJ EMBRAER S.A. | Industrials | 12.1% | $171.4m | 2,888,680 | – | |
| 3 | ITUB ITAU UNIBANCO HLDG S A | Financial Services | 12.1% | $171.3m | 20,443,133 | – | |
| 4 | EGO ELDORADO GOLD CORP NEW | Basic Materials | 11.9% | $168.1m | 4,897,751 | – | |
| 5 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 11.8% | $167.4m | 1,334,070 | – | |
| 6 | IBN ICICI BANK LIMITED | Financial Services | 9.2% | $130.5m | 5,039,743 | – | |
| 7 | GDS GDS HLDGS LTD | Technology | 6.2% | $88.0m | 2,184,662 | – | |
| 8 | COPA HOLDINGS SA | 4.2% | $58.9m | 518,114 | – | ||
| 9 | PDD PDD HOLDINGS INC | Consumer Cyclical | 3.7% | $52.7m | 515,274 | – | |
| 10 | JBS JBS N.V. | Consumer Defensive | 3.2% | $45.7m | 2,546,345 | – | |
| 11 | HSAI HESAI GROUP | 2.1% | $30.0m | 1,568,343 | – | ||
| 12 | SLB SLB LIMITED | Energy | 2.0% | $28.6m | 556,816 | – | |
| 13 | AU ANGLOGOLD ASHANTI PLC | Basic Materials | 1.7% | $24.6m | 252,966 | – | |
| 14 | HAL HALLIBURTON CO | Energy | 1.6% | $23.3m | 597,721 | – | |
| 15 | TS TENARIS S A | Energy | 1.4% | $19.6m | 337,428 | – | |
| 16 | VNET VNET GROUP INC | Technology | 0.9% | $12.7m | 1,513,055 | – | |
| 17 | ARCELORMITTAL SA LUXEMBOURG | 0.7% | $10.2m | 196,677 | – | ||
| 18 | NTES NETEASE COM INC | Communication Services | 0.5% | $7.7m | 69,167 | – | |
| 19 | VIST VISTA ENERGY S.A.B. DE C.V. | Energy | 0.4% | $6.0m | 79,692 | – | |
| 20 | RENEW ENERGY GLOBAL PLC | 0.4% | $5.8m | 1,277,071 | – | ||
| 21 | MAKEMYTRIP LIMITED MAURITIUS | 0.4% | $5.6m | 150,562 | – |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.